|Bid||0.5340 x N/A|
|Ask||0.5640 x N/A|
|Day's range||0.5430 - 0.5480|
|52-week range||0.4300 - 1.9670|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The approved credit agreement is a part of the airline's bankruptcy protection process and its terms will be substantially similar to those announced on Aug. 14, SAS said. Long-struggling SAS, ravaged by the pandemic and pressured by low-cost rivals, sought bankruptcy protection in July as pilots went on a two-week strike, hoping to emerge within nine to 12 months as a more competitive airline. Some analysts have said that Apollo could become a major shareholder in SAS by converting the loan to equity at the end of the Chapter 11 process.
(Bloomberg) -- US Bankruptcy Judge Michael Wiles on Friday approved a $700 million financing package for SAS AB from Apollo Global Management, though he said features of the deal concern him. Most Read from BloombergRussian Defenses Crumble as Ukraine Retakes Key TerritoryRussia Confirms Flight of Troops From Ukraine’s Kharkiv AreaCredit Card Firms to Start Implementing Code for Gun StoresUkraine Latest: Zelenskiy Warns of Winter as Russians Pull BackUkraine Latest: Russian Shelling Blamed for B
Crisis-hit airline SAS and unions have made progress on a new savings deal to end a 13-day pilots' strike, but significant issues have yet to be resolved, a mediator told news agency E24 on Saturday. A majority of SAS pilots in Sweden, Denmark and Norway walked out on July 4 after negotiations over conditions related to the Scandinavian carrier's rescue plan collapsed. SAS had been struggling with increased low-cost competition for years before the COVID-19 pandemic heaped pressure on the airline industry.